https://www.taxtmi.com/caselaws?id=345344 Discount expressly excluded from turnover under the Tamil Nadu VAT Act could not be added to taxable turnover, because the statutory definition and Explanation II(ii) to Section 2(41) do not treat cash or other discounts as part of turnover. The assessment was based on an erroneous comparison of overall sale and purchase figures rather than the unit sale price against the unit purchase price, making the discount addition unsustainable. The High Court also held that alternative remedy did not bar writ interference where the assessment order contained apparent errors, relied on provisions not attracted on the admitted facts, and lacked the factual basis required for action under Section 24. The assessment was set aside to the extent of the discount addition and remanded for fresh determination. en-us Thu, 01 Jun 2017 00:00:00 +0530 Wed, 28 Mar 2018 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345344 Discount expressly excluded from turnover under the Tamil Nadu VAT Act could not be added to taxable turnover, because the statutory definition and Explanation II(ii) to Section 2(41) do not treat cash or other discounts as part of turnover. The assessment was based on an erroneous comparison of overall sale and purchase figures rather than the unit sale price against the unit purchase price, making the discount addition unsustainable. The High Court also held that alternative remedy did not bar writ interference where the assessment order contained apparent errors, relied on provisions not attracted on the admitted facts, and lacked the factual basis required for action under Section 24. The assessment was set aside to the extent of the discount addition and remanded for fresh determination. Case-Laws VAT and Sales Tax Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345344